Tuesday, June 12, 2012

Greece's tech entrepreneurs hope hitting rock bottom will end red tape

by Jon Henley


June 12, 2012

Greek geek central is a light, bright, very white space off Athens' main shopping street, furnished with cheap desks and chairs from Ikea and an expensive – and well used – coffee machine. They don't do despondent here. At coLab you can get a desk, free broadband and as much coffee as you can drink for €10 a day or €140 a month Or you can rent a small office for not much more.

Some of the dozen small startups that do are world leaders in their field. BugSense, for instance, though barely a year old, is used by more than 4,500 mobile developers around the world to track and analyse crash reports from their apps. It recently turned down a £1m takeover bid. Others have already outgrown coLab, as this space is called.

TaxiBeat, a mobile app that allows taxi drivers to advertise where they are and passengers to hail them, is doubling its business every two months and has expanded into Latin America and Scandinavia.


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